Hyundai Steel said it signed a deal with the Korea Institute of
Geoscience and Mineral Resources (KIGAM) on technological cooperation to move
faster towards carbon neutrality.
The steelmaker said the state-funded think tank’s mineral-related technologies
will be used to recycle materials and resources, and analyze raw materials as
part of efforts to run low-carbon steel mills in the long run.
Through cooperation with KIGAM, Hyundai Steel said it will be able to add value
to waste materials, and reduce emission of carbon and other toxic substances
that occur during use of materials.
“The technological exchange will allow us to develop new material analysis
technologies, and apply them in production to raise the efficiency of steel
materials management and operation,” a Hyundai Steel official said.
“Enhancement of material quality will help improve the quality of steel
products and achieve carbon neutrality.”
Hyundai Steel and KIGAM signed the memorandum of understanding on Monday at the
KIGAM headquarters in Daejeon. KIGAM president Lee Pyeong-koo and Hyundai
Steel’s research and development chief Choi Joo-tae attended the signing
ceremony.
By Kim So-hyun (sophie@heraldcorp.com)